{"id":91350,"date":"2018-10-26T10:32:36","date_gmt":"2018-10-26T17:32:36","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=91350"},"modified":"2018-10-26T11:17:41","modified_gmt":"2018-10-26T18:17:41","slug":"unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/","title":{"rendered":"UNLV Panel Examines Whether PASPA Repeal is Threat to Nevada Sports Betting Market"},"content":{"rendered":"

A UNLV panel discussion<\/a> on the future of the Nevada sports betting market in post-PAPSA America produced diverging opinions about whether liberalization and proliferation will threaten Las Vegas\u2019 status as a sports betting mecca.<\/p>\n

\"Nevada
William Hill US CEO Joe Asher believes the liberalization of sports betting across the US will be good for Nevada — others struck a more cautious note. (Image: William Hill)<\/figcaption><\/figure>\n

Nevada oddsmakers were largely rooting<\/a> for New Jersey in its bid to get the Supreme Court to overturn PASPA, the federal law that prohibited state-sanctioned sports betting.<\/p>\n

Nevada\u2019s dominant casino operators like MGM and Caesars have casinos in other states and so, broadly speaking, what was good for big casinos was good for Nevada.<\/p>\n

They also recognized their major competitors were not necessarily New Jersey or Mississippi but the black-market, where billions were wagered in America each year.<\/p>\n

Migration from Black Market<\/strong><\/h2>\n

William Hill US\u2019s CEO Joe Asher was among several prominent industry leaders and regulators leading the panel. He felt that Nevada had nothing to fear from liberalized sports betting, which he said has already left a dent in the black market.<\/p>\n

I haven\u2019t seen any indication at all that handle is dropping off because people aren\u2019t flying out to Las Vegas from New Jersey,\u201d he said, as reported by CDC Gaming Reports. \u201cWe have seen in New Jersey that people have quickly migrated from the black market to the legal market.\u201d<\/p><\/blockquote>\n

Meanwhile, because Nevada\u2019s sports books are always like to pay less tax than their counterparts in other states, they can offer a more competitive product, with better odds for their customers, for example.<\/p>\n

California and Arizona Would Impact Nevada Sports Betting<\/strong><\/h2>\n

Nevada sports betting veteran Vic Salerno\u2019s company USBookmaking made its first foray outside of the state when it partnered with a tribal operator to open New Mexico\u2019s first legal sports book<\/a> last week. He told the panel that Nevada will always be number one, while offering a note of caution.<\/p>\n

\u201cNevada will always lead in sports betting. We will be like the big leagues to the minor leagues, and people wagering in other jurisdictions will always come here.\u201d he said<\/p>\n

But I think in a way the hotels will get a little bit hurt by special events like the Super Bowl and March Madness because if you are on the East Coast and with facilities in New Jersey, that\u2019s going to keep people from coming,\u201d<\/p><\/blockquote>\n

\u201cWhy spend all of your money coming here when you can use it to bet on games there?\u201d he asked.<\/p>\n

Former chairman of the Nevada Gaming Control Board\u00a0Mark Lipparelli cranked the note of caution up a notch when he said that, while people visit Nevada\u2019s casinos from across the US and the world, the market should also be viewed as a regional one that is largely fed by visitors from California and Arizona.<\/p>\n

\u201cAnything that looks like competition can have a negative impact on visitor volume,\u201d he said, adding that expanding sports betting to those two states in particular would have an effect on the Nevada market.<\/p>\n","protected":false},"excerpt":{"rendered":"

A UNLV panel discussion on the future of the Nevada sports betting market in post-PAPSA America produced diverging opinions about whether liberalization and proliferation will threaten Las Vegas\u2019 status as a sports betting mecca. Nevada oddsmakers were largely rooting for New Jersey in its bid to get the Supreme Court to overturn PASPA, the federal […]<\/p>\n","protected":false},"author":36,"featured_media":91352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,1074],"tags":[],"acf":[],"yoast_head":"\nUNLV Panel Examines Whether PASPA Repeal is Threat to Nevada<\/title>\n<meta name=\"description\" content=\"UNLV panel including Joe Asher of William Hill US and sports betting veteran Vic Salerno discuss the future of the Nevada sports betting market, post-PASPA.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNLV Panel Examines Whether PASPA Repeal is Threat to Nevada\" \/>\n<meta property=\"og:description\" content=\"UNLV panel including Joe Asher of William Hill US and sports betting veteran Vic Salerno discuss the future of the Nevada sports betting market, post-PASPA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-26T17:32:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-26T18:17:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/joe.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/\",\"url\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/\",\"name\":\"UNLV Panel Examines Whether PASPA Repeal is Threat to Nevada\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/joe.png\",\"datePublished\":\"2018-10-26T17:32:36+00:00\",\"dateModified\":\"2018-10-26T18:17:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"UNLV panel including Joe Asher of William Hill US and sports betting veteran Vic Salerno discuss the future of the Nevada sports betting market, post-PASPA.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/unlv-panel-examines-whether-paspa-repeal-is-threat-to-nevada\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/joe.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/joe.png\",\"width\":1200,\"height\":600,\"caption\":\"William Hill US CEO Joe Asher believes the liberalization of sports betting across the US will be good for Nevada \u2013 others struck a more cautious note. 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